Get a few and offer them during transactions. Make it happ'n Capt'n. I do it all the time. The more we use them, the more acceptance they'll have. Sure, stack a few, I do. But spend some. Only two months ago I was buying them at $4.50. Today, I paid $4.98 - about 10% more in 60 days. Tomorrow...?
Thanks for this video. I really like Goldbacks because the counterfeit risk seems to be very low. I plan to start buying and vaulting them using UPMA. I also plan to lease some of my Goldbacks.
Ditto here in Canada. In a collapse (or "cancellation" via frozen-by-government bank accounts) goldbacks would be a near-perfect black-market currency.
I've seen people like Mike Adams and others melt them down and purify the gold and it weighs out slightly higher than it should. The representative said they wanted to make sure nobody thought they were getting shorted
Goldbacks are literally a no brainer. Yeah they have high premiums but the premium you put into it actually stays and doesn’t change like regular bullion. It really is a much better option.
Thank you for sharing. I bought some of these a few years back, and I just love them. I stack silver, but this is a realistic way to stack gold when it seems unattainable. 🙏🏽❤
@courageoustruthpodcast8836 I've used Goldbacks in commerce in 10 states now (Connecticut, Maryland, Virginia, Indiana, New Mexico, Colorado, Idaho, Wyoming, Nevada, & Utah). I sent some to Argentina and Chile with people I know, too.
This was a very good video for dispelling the myths around Goldbacks. Kudos. I have 'em, I spend 'em, I keep some in the stack. BTW, I spend the NH ones in MA often and have no trouble doing so. People love gold. When you offer it to them, most accept quickly. All the ones I've spent I've made money on. GB's are truly barterable gold and the only format that's ideally suited for it.
The part I'm not understanding is if the gold is $2.50 value how do you expect $5 in product value? What does the store owner do with them to acquire the $5 value? Do banks in those states accept them for the fiat dollar rate?
Thanks to your good information on this type of future "possible" currency value, I purchased a little for each of my children to educate them on the idea. Hopefully they will do their own research and decide to invest in more. I know I will 😉👍
It's all about a "well rounded" prepping kit. You would need barter material in the event of blight or infestation of your crops for one season. Not saying "goldbacks" are the answer, but some sort of precious metal for bartering on a "local/tribal" economy would be prudent.
@@110MAN1 sorry but with a finite supply of money I would rather load up on more keystone beef and pork. 3 freezers already full and currently digging a root cellar. The more we stock up the fewer interactions we have with people. We live very far out, 30 miles outside of a town of only 1100. Off grid. Barter is going to be done with a select few and they already know who they are.
i can walk into any number of local places and liquidate physical bullion, not happening in central Indiana with a goldback or silverback. Even in Utah you'd realistically have a handful of places to trade them for physical goods, and even fewer for fiat currency without buying something.
Problem: I live in the UK and Gold Sovereigns and Britannia's are considered 'legal tender' and investment quality gold (90% for coins)... thus making them VAT (call it sales tax) and CGT exempt. NOW, in the US, a collectible (especially collectible gold held under one year) is subject to some pretty high Capital Gains Taxes if the price of gold shoots up. I can see this being a stick for politicians to beat Goldbacks with.
Only five states issue them and Florida is the latest...it is only an experiment announced by the Florida CFO. It will have to compete with fiat state by state.
I have quite a few. Couple of drawbacks - 1. Don't fold them - will crease and eventually plastic will crack. 2. Larger denominations are quite large physically - don't fit well in pockets or wallets - Ok if you carry a purse.
They aren’t high if it’s gold. Gold never loses its value. Gold will skyrocket soon especially now that we are on the brink of a Cold War with China and a war with China. If we go into a depression this is going to be the money to use. No one will be looking at the US dollar
They aren’t high if it’s gold. Gold never loses its value. Gold will skyrocket soon especially now that we are on the brink of a Cold War with China and a war with China. If we go into a depression this is going to be the money to use. No one will be looking at the US dollar
I might buy a few of these for it's collectible aspect because they're beautiful, but I wouldn't buy them for use as currency. Yet. Show me a video where you walk into a shop and they accept them as payment. Show me a video of walking into any coin shop and they give you what you paid for them. Just stack silver or gold if you're seeking a hedge against inflation or as barter currency if the SHTF.
one point you did left out the dealers can make profit .. if the market price on the BG's is 5 they can sell it for like 5.10 and buy back at 4.90 .. but you have the right not to take it till they meet the market or go to the person that offers 5.20 for there GB'S
The people complaining about the premiums on goldbacks don't seem to realize the premium that exists to produce our Greenbacks (US dollars) here in the States. I will gladly pay a premium that I can afford because, at the end of the day, all fractional precious metals will come with a premium attached to them. There is zero avoiding that fact. The only difference is if you burn a Goldback, you get gold. You burn a Greenback, you'll get maybe 45 seconds of warmth? I'm a silver bug at heart BUT these have given me an incentive to start diversifying my portfolio a bit more with Gold.
Speaking of melting down or whatever to extract the gold from the goldbacks……I heard once that TRB Trump bucks ( I guess turned out to be a scam) but someone said they have gold in them. Anyone know??
Sreetrips melted down 10 50 denomination goldbacks and refined and recovered almost 1/2 troy ounce of pure gold. He recovered 15.2 grams of pure gold and said the discrepancy was in the refining process.
Personally I think "junk silver" and silver rounds would be a better investment but there are phony rounds as well. Most people would not only not understand what a Goldback is, let alone how to determine value.
I didn’t understand at first but then I did 1 second of research to realize oh it’s a currency that has gold in it. It’s not a hard concept to explain.
“How do I know how much it’s worth?” Oh I forgot I’m in the 21st century and we have the internet to check its value. From just pressing 3 buttons and typing one word “goldback” I discovered it’s worth $6.59.
I've got a starter stack right here, 5 for each state. I'll be making this a good chunk of my portfolio. My state is Maine, I'm from Michigan originally. Maine allows for Gold Bullion and Coin to be used as legal Tender, just GoldBacks have not been explicitly stated. Can they be considered Bullion? Technically 3 dimensionally, I suppose so. Coin? In a way yes. Still, I want to see Maine explicitly adopt it so Aurum makes Maine a bill too. I know you can use a Nevada bill in Utah, and a Utah bill in Wyoming, etc but it is cool to have different state bills still.
Not at a 30%+ premium, depending on where buy. To prove it, go buy it in a small amount, then spend it like cash and find out for yourself. p.s. They will only give you spot. Do your own research and you will see for yourself.
Goldback may be going big as there will be a Florida Goldback on 2025-01-15. Previously there were only small states with Goldbacks. They have added a new smaller 1/2 note, a 2 note and now a larger 100 note that contains 1/10 Oz of Gold. The artwork has changed significantly as I've seen pre-order sites with the new notes.
I really want to like them. But I just can't get past that premium price. I'd much rather take the weight in silver than half the amount of worth in gold.
I honestly thought your comment was facetious. 1GB = $5 , so it spends for $5. Not $1 There is nothing to stop you learning how FX works. The exchange rate is posted on the GB site.
1 gold back is worth $5.50. When. You go to a merchant that accepts goldbacks, 1 gold back is worth $5.50. You can see the conversion rate for your state today on their website.
The goldback only works best in the states they accept them. NH is one state where you can use them for paying for things and services....they also barter well at farmers markets. It's also only a plus if you can't afford the financial hit of 1/4 ounce of gold at any point in time. The ones are worth $5 The $5 bill worth $25...etc I buy them for Christmas gifts for my kids and grandkids. They even got the special wallets. It is literally what you feel you can spend and if you can use it to barter with.
Wrong my friend. I spend the NH goldbacks in MA frequently. Have no trouble doing so. I offer gold, people accept. It's that simple. I've made some profit on every one of them too. GB's are terrific.
No, a Goldback does not contain exactly the amount of gold stated on the Goldback - it contains MORE! That's right, it contains slightly more because it would be bad for business to have less - that's the power of privately issued non-government money - Goldback's reputation is on the line and they uphold it! Thanks Goldback!!
I love the “idea” of them. I truly do. But I struggle to envision a scenario where they would be both necessary and practical at the same time. The timeline of events would have to unfold rapidly, and if so, a short window of opportunity could open for their use and acceptance. But, as preppers, you would have to strike while the iron was hot. Use them immediately. Don’t wait until you have so depleted your own supplies that you actually “need” to use them. By then, the only other people with surplus supplies left to offer will be other preppers. And it’s hard to tell just how few and far between they might be by then. Possibly spread out over distances you cannot easily traverse. Imagine trying to barter by radio. The stars and planets would have to align perfectly. Imagine the odds of there being a person that just happens to have what you need…just happens to be willing to part with it…just happens to accept gold backs…just happens to be within bartering distance…and just happens to be listening on the radio frequencies you are checking. People don’t stop to realize just what a minor miracle that would be. Practically unimaginable. A fantasy concocted by a predatory preparedness industry. But yet, that’s what so many of us plan to do…simply because we never actually thought it through. We just heard a thousand other preppers and UA-camrs say it and blindly accepted such an absurdly implausible notion.
I guess I'm living a miracle since I've been able to spend these all over southern NH and northern MA without effort. I've offered GB's about twenty times and got an enthusiastic acceptance all but one time. This is the first barterable gold out there. Even a 1/10th ounce will be too much for most transactions.
it isn’t a higher premium. I buy 1 oz of gold, I pay say, $120 premium. If I need to go back and sell that today, I loose $120 immediately. But I can go a Goldback today $5.50. I can go spend a Goldback at the gas station, and it’s actually worth $5.56 today. There’s not really a premium.
it isn’t a higher premium. I buy 1 oz of gold, I pay say, $120 premium. If I need to go back and sell that today, I loose $120 immediately. But I can go a Goldback today $5.50. I can go spend a Goldback at the gas station, and it’s actually worth $5.56 today. There’s not really a premium.
@@laurac9075 Paying a premium of $120 for a 1 oz is high. Check out the different sites bold precious metals, sdbullion, hero bullion. You're paying too high on gold premiums.
You always know when someone’s been paid in goldback to promote them… The premium on the gold back is Absurd! This is a fake promise based on plastic and a little bit of gold you’re paying 2x for over spot for…
My understanding is that the goldback company made sure that the notes qualify as a “vendor gift card” under US commerce rules so they won’t be ruled illegal by state commerce laws.
The only issue as far as I'm concerned with what you said is that if you pay $5 for a goldback for example and you try to sell it for the same $5, that's not necessarily true for what I've seen. For what I've seen some dealers and businesses would take it for less than the $5 "exchange rate" which is suggested btw, some may take it for $4 or whatever. So maybe once the price it gets more stable and leveled and as close to the suggested exhange rate as possible if not at that price it would more appealing in my opinion. Btw, I have 101 goldbacks so I like them and awating to what's going to happen with the market for goldbacks but I also buy gold and silver coins and bars which are a total different investment in my opinion.
Stick one in the washing machine and show us. I saw one that was fraying and looing like it was no longer viable. If they aren't durable, they aren't going to work.
A poor person cannot afford an ounce of gold- it gives poor folks an opportunity to buy gold. It does have high premium but definitely will retain more value than a debt dollar that is being deflated every day
@@GoshenPreppingI watched your entire video, and followed your link. They are being sold for twice the spot price. At least they are artistic, probably counterfeit proof, and small denominations. But, definitely not a good deal.
"WHAT?!? $50,000 for a new Rav4?? But there's only $25K in materials in that thing! IMMA just gunna buy the RAW MATERIALS and put THOSE in my driveway! That'll learn them greedy bastards at the dealership! No, wait..."
A Gold CombiBar might be better than Goldbacks, but face it, Gold is for holding wealth not really bartering, try and barter too soon and you will end up probably dead or at least robbed. Goldbacks cost more than usual for the weight so are not a good purchase. First you should have all the prepping supplies anyway.
Just another currency, like the federal reserve note, with a made up value if you're not tying it to the commodities market. The only thing this has going for it is the miniscule amount of gold in it and it's shiny. The issue is you can't test these on a sigma, nor do an acid test, you obviously can't do a ping test like you can a coin, and weight alone isn't going to prove that there's a certain amount of gold in it. So arbitrary value it is I suppose and trust that it actually has gold in it?
@@jaybarr3307 there is no difference between goldbacks and dollar bills. A paper $20 bill is only paper with an arbitrary value attached that someone else says it’s worth. Holdbacks also have an arbitrary value attached, approximately 2x the melt value of the gold in it. The 50 holdback has 1/20th of an ounce of gold in it, which is roughly worth $125 melt value, but the 50 gold back sells for more than double that? Might as well just have paper dollars or just fractional gold instead.
@@medhead964 If it's tied to a commodity, it isn't arbitrary. Even fiat currencies aren't arbitrary, because there are active market forces that determine value; hence, inflation. Your premises are completely wrong.
@@dawnfire82 the prices aren’t tied to a commodity if they charge approximately double what the COMEX prices gold at. My LCS charges 3% over spot for an AGE and 7% over for 1/2 ounce AGE today…. HIS prices are tied to the commodity price. Goldbacks and all other fiat currencies are not tied to precious metals. They are just a promise of value. At least the USD value is based on supply and demand and other countries’ government backed money is worth compared to ours. Goldback prices are set by the company creating them and promise you’ll receive goods and services based on the value THEY set, not the market. My very reputable and solid LCS owner told me straight up he’ll only buy them at 90% of melt, just like all other junk gold and jewelry, and send them to the refinery. If you’re good with paying $200 for a hundred bucks worth of gold because someone told you that’s what it was worth, I got a closet full of my wife’s beanie babies to sell you….i promise they’re worth a million bucks but I’ll take 750K…..
When in history has coins made of silver or gold ever traded below premium? The mint has the expense of creating them and they would disappear from circulation immediately
I think the idea of Goldbacks is pretty awesome. Hope they become widely used/popular and accepted at many businesses all across the country
Get a few and offer them during transactions. Make it happ'n Capt'n. I do it all the time. The more we use them, the more acceptance they'll have. Sure, stack a few, I do. But spend some. Only two months ago I was buying them at $4.50. Today, I paid $4.98 - about 10% more in 60 days. Tomorrow...?
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As a business owner in NC I allow payments in goldbacks
Thanks for this video. I really like Goldbacks because the counterfeit risk seems to be very low. I plan to start buying and vaulting them using UPMA. I also plan to lease some of my Goldbacks.
I bought some a while back and I am glad you are addressing this thank you
Gold is Gold i have US Goldbacks here in the Uk......
What do you do with them?.
Ditto here in Canada. In a collapse (or "cancellation" via frozen-by-government bank accounts) goldbacks would be a near-perfect black-market currency.
I've seen people like Mike Adams and others melt them down and purify the gold and it weighs out slightly higher than it should. The representative said they wanted to make sure nobody thought they were getting shorted
I saw that video, too.
Why purify theyre already 24k
@@kayllenstarships9009 they were melting down the plastic to extract the pure gold from the plastic
@@kayllenstarships9009 The gold is basically painted on with a chemical process. To properly measure the gold, you have to remove the other materials.
Goldbacks are literally a no brainer. Yeah they have high premiums but the premium you put into it actually stays and doesn’t change like regular bullion. It really is a much better option.
Mike Adams, the Health Ranger, tested the gold content and found it to be authentic.
Thank you for sharing. I bought some of these a few years back, and I just love them. I stack silver, but this is a realistic way to stack gold when it seems unattainable. 🙏🏽❤
The weight of goldbacks vs the weight of coins makes goldbacks more portable.
Great video. Ive been comparing them as a sports car to a Datsun.
I've used Goldbacks in 9 states now.
That's great! 9 States!
@@GoshenPreppingwhich states?
@@courageoustruthpodcast8836 The State of Dylan, Dylan, Dylan,Dylan,Dylan,Dylan,Dylan,Dylan, and DYOR
What did you buy with them? Just curious
@courageoustruthpodcast8836 I've used Goldbacks in commerce in 10 states now (Connecticut, Maryland, Virginia, Indiana, New Mexico, Colorado, Idaho, Wyoming, Nevada, & Utah). I sent some to Argentina and Chile with people I know, too.
I like how he showed us the extracted gold but didn’t really show us the extracted gold
This was a very good video for dispelling the myths around Goldbacks. Kudos. I have 'em, I spend 'em, I keep some in the stack. BTW, I spend the NH ones in MA often and have no trouble doing so. People love gold. When you offer it to them, most accept quickly. All the ones I've spent I've made money on. GB's are truly barterable gold and the only format that's ideally suited for it.
Can't eat or drink gold you say? Have you never heard of Goldschläger? I like the idea of goldbacks, but more states need to use them.
Very good and thorough video! I'm a Media Producer at Goldback, Inc. and this was very enjoyable for me to watch.
There is a U2B video where a gentleman melts down gold backs, the quantity of an ounce worth.
The refined gold weighed an ounce.
Awesome video! I love Goldbacks!
I’m going to make my first purchase very soon!
The part I'm not understanding is if the gold is $2.50 value how do you expect $5 in product value? What does the store owner do with them to acquire the $5 value? Do banks in those states accept them for the fiat dollar rate?
Have been getting Goldbacks for a while. Will be getting more! Goldbacks are back!
Are back they never went anywhere. I’m stocking some every month.
The gold backs value is in its metal content & utility.
Great video 👍
Thanks to your good information on this type of future "possible" currency value, I purchased a little for each of my children to educate them on the idea. Hopefully they will do their own research and decide to invest in more. I know I will 😉👍
Please make sure you all have food and water and a means to grow some food or to can or preserve. More important the precious metals
Agree
It's all about a "well rounded" prepping kit. You would need barter material in the event of blight or infestation of your crops for one season. Not saying "goldbacks" are the answer, but some sort of precious metal for bartering on a "local/tribal" economy would be prudent.
@@110MAN1 sorry but with a finite supply of money I would rather load up on more keystone beef and pork. 3 freezers already full and currently digging a root cellar.
The more we stock up the fewer interactions we have with people. We live very far out, 30 miles outside of a town of only 1100. Off grid. Barter is going to be done with a select few and they already know who they are.
We buy and sell Golbacks everyday. They are perfect for prepping.
i can walk into any number of local places and liquidate physical bullion, not happening in central Indiana with a goldback or silverback. Even in Utah you'd realistically have a handful of places to trade them for physical goods, and even fewer for fiat currency without buying something.
Got my first batch here in 🇨🇦
Thanks for the VIDEO!
Which one of these Goldbacks, are the Most sought after?
I have a stack of them and next year going to buy other Arum notes. It's still gold and has utility.
Problem: I live in the UK and Gold Sovereigns and Britannia's are considered 'legal tender' and investment quality gold (90% for coins)... thus making them VAT (call it sales tax) and CGT exempt. NOW, in the US, a collectible (especially collectible gold held under one year) is subject to some pretty high Capital Gains Taxes if the price of gold shoots up. I can see this being a stick for politicians to beat Goldbacks with.
Only five states issue them and Florida is the latest...it is only an experiment announced by the Florida CFO. It will have to compete with fiat state by state.
I have quite a few. Couple of drawbacks -
1. Don't fold them - will crease and eventually plastic will crack.
2. Larger denominations are quite large physically - don't fit well in pockets or wallets - Ok if you carry a purse.
I stack Goldbacks. I just bought my sons first car with Goldbacks.
He’ll yeah
Congratulations
Very cool
That's cool!
That's awesome!!!
I think gold backs are more of a novelty, not nearly enough people are going to own them because the markup is so high on them
Yeah, something to give your grandkids at Christmas to get them interested in stacking.
They aren’t high if it’s gold. Gold never loses its value. Gold will skyrocket soon especially now that we are on the brink of a Cold War with China and a war with China. If we go into a depression this is going to be the money to use. No one will be looking at the US dollar
They aren’t high if it’s gold. Gold never loses its value. Gold will skyrocket soon especially now that we are on the brink of a Cold War with China and a war with China. If we go into a depression this is going to be the money to use. No one will be looking at the US dollar
Disagree completely. Bought many, spending them at a profit now. Will be restocking them even at today's higher prices.
I use them as tips just to get them into circulation
How do you track the increase in value?
Great video!
Check out the leasing you can do with them too. You can collect extra goldbacks in interest making a passive income with them
thank you for that information.
I might buy a few of these for it's collectible aspect because they're beautiful, but I wouldn't buy them for use as currency. Yet. Show me a video where you walk into a shop and they accept them as payment. Show me a video of walking into any coin shop and they give you what you paid for them. Just stack silver or gold if you're seeking a hedge against inflation or as barter currency if the SHTF.
one point you did left out the dealers can make profit .. if the market price on the BG's is 5 they can sell it for like 5.10 and buy back at 4.90 .. but you have the right not to take it till they meet the market or go to the person that offers 5.20 for there GB'S
The people complaining about the premiums on goldbacks don't seem to realize the premium that exists to produce our Greenbacks (US dollars) here in the States. I will gladly pay a premium that I can afford because, at the end of the day, all fractional precious metals will come with a premium attached to them. There is zero avoiding that fact. The only difference is if you burn a Goldback, you get gold. You burn a Greenback, you'll get maybe 45 seconds of warmth?
I'm a silver bug at heart BUT these have given me an incentive to start diversifying my portfolio a bit more with Gold.
Gold backs or natural gold nuggets or both ? Enjoyed the show , thank you ! ✌️🇺🇲
Louisiana here. You're welcome to shop at my store anytime with those.
how do you price your goods far as conversion to GB? Do you use the GB daily price chart or discount them etc? What if the GB is bent or creased?
Anyplace you recommend in Michigan?
best thing ever
Where do you purchase gold backs
Alpine gold is where I bought mines
Premiums on goldbacks are very high
Speaking of melting down or whatever to extract the gold from the goldbacks……I heard once that TRB Trump bucks ( I guess turned out to be a scam) but someone said they have gold in them. Anyone know??
I think if there was a scam with Trump's name associated with it, the media would be all over it.
Goldbacks are beautiful ❤️
Sreetrips melted down 10 50 denomination goldbacks and refined and recovered almost 1/2 troy ounce of pure gold. He recovered 15.2 grams of pure gold and said the discrepancy was in the refining process.
Personally I think "junk silver" and silver rounds would be a better investment but there are phony rounds as well. Most people would not only not understand what a Goldback is, let alone how to determine value.
Exactly. Premiums way too high on these gold backs
@@steevo8754 premiums 🤦♂️ u spend it not stack it dum dum
I didn’t understand at first but then I did 1 second of research to realize oh it’s a currency that has gold in it. It’s not a hard concept to explain.
“How do I know how much it’s worth?” Oh I forgot I’m in the 21st century and we have the internet to check its value. From just pressing 3 buttons and typing one word “goldback” I discovered it’s worth $6.59.
@@ThatIsDopeBro except when internet is not available
I've got a starter stack right here, 5 for each state. I'll be making this a good chunk of my portfolio. My state is Maine, I'm from Michigan originally. Maine allows for Gold Bullion and Coin to be used as legal Tender, just GoldBacks have not been explicitly stated. Can they be considered Bullion? Technically 3 dimensionally, I suppose so. Coin? In a way yes. Still, I want to see Maine explicitly adopt it so Aurum makes Maine a bill too. I know you can use a Nevada bill in Utah, and a Utah bill in Wyoming, etc but it is cool to have different state bills still.
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Okay...find me a way to buy GoldBacks in Canada.
Alpine Gold Exchange online sells into Canada
I m in Ontario Canada. Where do you go to buy gold backs.
Not at a 30%+ premium, depending on where buy. To prove it, go buy it in a small amount, then spend it like cash and find out for yourself.
p.s. They will only give you spot. Do your own research and you will see for yourself.
Goldback may be going big as there will be a Florida Goldback on 2025-01-15. Previously there were only small states with Goldbacks. They have added a new smaller 1/2 note, a 2 note and now a larger 100 note that contains 1/10 Oz of Gold. The artwork has changed significantly as I've seen pre-order sites with the new notes.
I like the gold back’s.
I found the website hard to use very confusing.
With alpine gold I've exchanged Goldbacks with ease.
I really want to like them. But I just can't get past that premium price. I'd much rather take the weight in silver than half the amount of worth in gold.
I’m not understanding using GB’s as legal tender. Why buy a $1 GB for $5 and “spend” it for $1 worth of goods?
😂😂😂 wtf? That is what you think. OMG
@ goes to show that there needs to be more public education for people to adopt GBs.
I honestly thought your comment was facetious.
1GB = $5 , so it spends for $5. Not $1
There is nothing to stop you learning how FX works. The exchange rate is posted on the GB site.
1 gold back is worth $5.50. When. You go to a merchant that accepts goldbacks, 1 gold back is worth $5.50.
You can see the conversion rate for your state today on their website.
The goldback only works best in the states they accept them. NH is one state where you can use them for paying for things and services....they also barter well at farmers markets. It's also only a plus if you can't afford the financial hit of 1/4 ounce of gold at any point in time.
The ones are worth $5
The $5 bill worth $25...etc
I buy them for Christmas gifts for my kids and grandkids. They even got the special wallets.
It is literally what you feel you can spend and if you can use it to barter with.
Wrong my friend. I spend the NH goldbacks in MA frequently. Have no trouble doing so. I offer gold, people accept. It's that simple. I've made some profit on every one of them too. GB's are terrific.
@@jaybarr3307like I said if they accept them. I've run into some in NH that won't accept them because they don't know what they are.
At the point where we are, Fiat currency being worth nothing I'd never sell back gold or silver that is worth something for something worth nothing.
Vehicles go down 40 or 50 % as soon as you drive it off the lot.
Which is why it's easy to buy last year's used vehicles at 50% MSRP! Oh wait...
Laat time i looked into these. The premiums were way too high. Like 250% premiums. Have they come down?
That's one of the things detailed in the video
Yea. Premiums too high. I’ll stick with my silver eagles and junk silver
Ever bother to work out why you calculate premiums. 🤔 now does that apply to GB?
No, a Goldback does not contain exactly the amount of gold stated on the Goldback - it contains MORE! That's right, it contains slightly more because it would be bad for business to have less - that's the power of privately issued non-government money - Goldback's reputation is on the line and they uphold it! Thanks Goldback!!
Yup,you can get every bit of the gold out of them.Add a little borax,to remove the impurities.
Goldbacks are beautiful
I love Goldbacks!
Since when do car companies use labor for cars? I thought it was all automated?
how about Minnesota Eric?
Cull silver coins sell at or below spot price. They are the best investment. Get .9999 pure if you can.
I love the “idea” of them. I truly do. But I struggle to envision a scenario where they would be both necessary and practical at the same time.
The timeline of events would have to unfold rapidly, and if so, a short window of opportunity could open for their use and acceptance.
But, as preppers, you would have to strike while the iron was hot. Use them immediately. Don’t wait until you have so depleted your own supplies that you actually “need” to use them. By then, the only other people with surplus supplies left to offer will be other preppers. And it’s hard to tell just how few and far between they might be by then. Possibly spread out over distances you cannot easily traverse.
Imagine trying to barter by radio. The stars and planets would have to align perfectly.
Imagine the odds of there being a person that just happens to have what you need…just happens to be willing to part with it…just happens to accept gold backs…just happens to be within bartering distance…and just happens to be listening on the radio frequencies you are checking.
People don’t stop to realize just what a minor miracle that would be. Practically unimaginable. A fantasy concocted by a predatory preparedness industry.
But yet, that’s what so many of us plan to do…simply because we never actually thought it through. We just heard a thousand other preppers and UA-camrs say it and blindly accepted such an absurdly implausible notion.
Excellent comment
I guess I'm living a miracle since I've been able to spend these all over southern NH and northern MA without effort. I've offered GB's about twenty times and got an enthusiastic acceptance all but one time. This is the first barterable gold out there. Even a 1/10th ounce will be too much for most transactions.
When you buy these the first time from the producer, the premium alone makes it a terrible gold purchase.
Why would I pay an extremely high premium for goldbacks when I can simply pay a lower premium for 1 oz gold?
They argue the extra premium is the portability of goldbacks. Honestly buy them if you like them for the looks. Otherwise, I'd stay away.
it isn’t a higher premium. I buy 1 oz of gold, I pay say, $120 premium. If I need to go back and sell that today, I loose $120 immediately. But I can go a Goldback today $5.50. I can go spend a Goldback at the gas station, and it’s actually worth $5.56 today. There’s not really a premium.
it isn’t a higher premium. I buy 1 oz of gold, I pay say, $120 premium. If I need to go back and sell that today, I loose $120 immediately. But I can go a Goldback today $5.50. I can go spend a Goldback at the gas station, and it’s actually worth $5.56 today. There’s not really a premium.
@@laurac9075 Paying a premium of $120 for a 1 oz is high. Check out the different sites bold precious metals, sdbullion, hero bullion. You're paying too high on gold premiums.
@@luckywinner4936 because it not a stacking product. It’s sound money like when people use constitutional silver coins
You always know when someone’s been paid in goldback to promote them…
The premium on the gold back is Absurd!
This is a fake promise based on plastic and a little bit of gold you’re paying 2x for over spot for…
My understanding is that the goldback company made sure that the notes qualify as a “vendor gift card” under US commerce rules so they won’t be ruled illegal by state commerce laws.
Great concept but the premium way to high
The only issue as far as I'm concerned with what you said is that if you pay $5 for a goldback for example and you try to sell it for the same $5, that's not necessarily true for what I've seen. For what I've seen some dealers and businesses would take it for less than the $5 "exchange rate" which is suggested btw, some may take it for $4 or whatever. So maybe once the price it gets more stable and leveled and as close to the suggested exhange rate as possible if not at that price it would more appealing in my opinion. Btw, I have 101 goldbacks so I like them and awating to what's going to happen with the market for goldbacks but I also buy gold and silver coins and bars which are a total different investment in my opinion.
101 goldbacks?which denominations?
@@kayllenstarships9009 denomination of 1.
@@kayllenstarships9009 Just 1 goldback denomination but from two states.
great
Premiums are way too high.
Stick one in the washing machine and show us. I saw one that was fraying and looing like it was no longer viable. If they aren't durable, they aren't going to work.
If you buy 💯 gold, the gold dealers buy it back 25 % lease then that price you got it before,
For a certain amount of time. Once gold appreciates in value they will pay more then what you purchased for
You are wrong. It is a premium over spot. You can bring out your entire Hot Wheels collection and it's still going to be a premium over spot.
is it legal tender for only 1 dollar?
You can check the rate everyday. 1 Goldback is around $5.50
Where do you get goldbacks?
Purchase your GoldBacks through Alpine Gold - Sign up for Free
alpinegold.com/purchase/ref/GoshenPrepping/
@@GoshenPrepping defy the grid is cheaper.
This is the future of money.
Wake up people the Dollar is DEAD.
Gold is the only way.
- “don’t buy straight up gold, it’s very highly likely it’s fake! Buy these gold papers, they’re real, because trust me.”
A poor person cannot afford an ounce of gold- it gives poor folks an opportunity to buy gold. It does have high premium but definitely will retain more value than a debt dollar that is being deflated every day
If you exchange one curency with other curency you will pay an comision at an certain rate
Goldbacks carry CRAZY high premiums...over twice spot price.
Apparently you didn't watch the video...
@@GoshenPreppingI watched your entire video, and followed your link. They are being sold for twice the spot price. At least they are artistic, probably counterfeit proof, and small denominations. But, definitely not a good deal.
For people that aren't experts in detecting fake gold coins n bars how would you trade with them? @fin59shaw
@@fin59shaw Dunning Kruger sufferer
CRAZY you didn't watch or understand the video but felt confident enough to comment
Yes, you can't eat gold, but you can eat what it buys
"WHAT?!? $50,000 for a new Rav4?? But there's only $25K in materials in that thing! IMMA just gunna buy the RAW MATERIALS and put THOSE in my driveway! That'll learn them greedy bastards at the dealership! No, wait..."
A Gold CombiBar might be better than Goldbacks, but face it, Gold is for holding wealth not really bartering, try and barter too soon and you will end up probably dead or at least robbed. Goldbacks cost more than usual for the weight so are not a good purchase. First you should have all the prepping supplies anyway.
Just another currency, like the federal reserve note, with a made up value if you're not tying it to the commodities market. The only thing this has going for it is the miniscule amount of gold in it and it's shiny. The issue is you can't test these on a sigma, nor do an acid test, you obviously can't do a ping test like you can a coin, and weight alone isn't going to prove that there's a certain amount of gold in it. So arbitrary value it is I suppose and trust that it actually has gold in it?
Every lot they produce is tested by a third party assayer. The fifty GB note is not a miniscule amt.
@@jaybarr3307 there is no difference between goldbacks and dollar bills. A paper $20 bill is only paper with an arbitrary value attached that someone else says it’s worth. Holdbacks also have an arbitrary value attached, approximately 2x the melt value of the gold in it. The 50 holdback has 1/20th of an ounce of gold in it, which is roughly worth $125 melt value, but the 50 gold back sells for more than double that? Might as well just have paper dollars or just fractional gold instead.
@@medhead964 If it's tied to a commodity, it isn't arbitrary. Even fiat currencies aren't arbitrary, because there are active market forces that determine value; hence, inflation. Your premises are completely wrong.
@@dawnfire82 the prices aren’t tied to a commodity if they charge approximately double what the COMEX prices gold at. My LCS charges 3% over spot for an AGE and 7% over for 1/2 ounce AGE today…. HIS prices are tied to the commodity price. Goldbacks and all other fiat currencies are not tied to precious metals. They are just a promise of value. At least the USD value is based on supply and demand and other countries’ government backed money is worth compared to ours. Goldback prices are set by the company creating them and promise you’ll receive goods and services based on the value THEY set, not the market. My very reputable and solid LCS owner told me straight up he’ll only buy them at 90% of melt, just like all other junk gold and jewelry, and send them to the refinery. If you’re good with paying $200 for a hundred bucks worth of gold because someone told you that’s what it was worth, I got a closet full of my wife’s beanie babies to sell you….i promise they’re worth a million bucks but I’ll take 750K…..
🗨🗨 How do people check for fake gold bills from China ⁉️ 🗨🗨
😊
You’re wrong on a couple points
Cost 2 to 3x price as gold bullion.
Their trade rate is not much higher than spot
Buying gold backs today is to high of a price i find as they want premiums on goldbacks that should always be spot price or lower.
When in history has coins made of silver or gold ever traded below premium? The mint has the expense of creating them and they would disappear from circulation immediately
The premium is too high for small denominations
Then don’t calculate the premium. Spend them at exchange, don’t stack them for melt
What kind of premium would be more reasonable for you. Not 1 business can sell their product for cost.They have to cover their expenses as well.
But for $1 gold back, it was a bit over $3 for engineering....